Minerco Resources has signed a binding letter of intent to acquire interest in a 2.6MW hydroelectric project in Honduras from Sesecapa Energy.
The company will acquire a minimum of 30% and a maximum of 80% interest in the Rio Sixe hydropower project, located at La Labor in the Honduran Department of Ocotepeque.
The project is currently in the feasibility stage of development and Minerco is expected to participate in the feasibility, development, design and construction stages of the facility.
Construction on the power project is expected to be started in 2012.
Minerco is a developer, producer and provider of clean, renewable energy solutions in Latin America.